Our History

Coronation Merchant Bank assumes the heritage assets, strong credit rating of ADHL and brings alive a new force in the Nigerian banking industry.

The Coronation Bank Story


Coronation Merchant Bank has been an intricate part of the Nigerian economy since the year 1993, when Associated Discount House Limited (ADHL), the forerunner of today’s Coronation Merchant Bank, was set up by a consortium of reputable financial institutions.

ADHL which was licensed by the Central Bank of Nigeria to provide liquidity for sovereign debt notes and money market instruments, became a leading financial services institution, thriving throughout the tough period of the Nigerian economy.

We have grown and evolved over the years, and in 2011, new leadership emerged at ADHL, signalling a new beginning for our bank. We have posted consistent growth across all metrics, turning the industry challenges to opportunities.

In 2013, we began our transition into a merchant bank, Coronation Merchant Bank, and eventually obtained a merchant banking license and an FX dealing license in 2015.

With our new look and persona, but with the same heritage assets, strong credit rating and a commitment to growth and excellent service, we are positioned to lead the Nigerian banking industry.

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Year Ahead-Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.

  • Featured
Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.